Last month, Brand Products manufactured 25,000 calculators and sold 23,000 of these calculators at a price of $10.00 each.Manufacturing costs consisted of direct labor, $30,000; direct materials, $32,000; variable manufacturing overhead, $3,500; fixed manufacturing overhead, $21,500.Selling and administrative costs are all fixed and totaled $24,000.Beginning inventory consists of no units.What is Brand Products' net income using full costing?
A)$124,240
B)$125,960
C)$120,720
D)$149,960

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The Answer of Last month, Brand Products manufactured 25,000 calculators and sold 23,000 of these calculators at a price of $10.00 each.Manufacturing costs consisted of direct labor, $30,000; direct materials, $32,000; variable manufacturing overhead, $3,500; fixed manufacturing overhead, $21,500.Selling and administrative costs are all fixed and totaled $24,000.Beginning inventory consists of no units.What is Brand Products' net income using full costing?
A)$124,240
B)$125,960
C)$120,720
D)$149,960

Last Month, Brand Products Manufactured 25,000 Calculators and Sold 23,000